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Graphite One (CVE:GPH) Shares Down 18.8% - What's Next?

Graphite One logo with Basic Materials background

Shares of Graphite One Inc. (CVE:GPH - Get Free Report) fell 18.8% during mid-day trading on Thursday . The company traded as low as C$0.89 and last traded at C$0.91. 620,440 shares traded hands during mid-day trading, an increase of 639% from the average session volume of 83,920 shares. The stock had previously closed at C$1.12.

Graphite One Trading Down 18.8%

The stock has a fifty day simple moving average of C$0.79 and a 200 day simple moving average of C$0.86. The firm has a market capitalization of C$92.14 million, a P/E ratio of -13.09 and a beta of 1.02. The company has a quick ratio of 0.33, a current ratio of 1.09 and a debt-to-equity ratio of 0.02.

Graphite One Company Profile

(Get Free Report)

Graphite One Inc operates as mineral exploration company in the United States. The company holds interest in the Graphite Creek property that consists of 135 mining claims located on the Seward Peninsula, Alaska. The company was formerly known as Graphite One Resources Inc and changed its name to Graphite One Inc in February 2019.

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